The Global Thinkers Book Club

What the smart set is reading -- from definitive guides to the global economic crash to the most unexpected new maps of the human psyche. And no surprise: They're all reading each other.
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DECEMBER 2010

2. Too Big to Fail, by Andrew Ross Sorkin

As the Wall Street crisis went global, Sorkin updated his account of the crisis's ground zero to include more recent events.

Too Big to Fail: "Perhaps the most disquieting development that has taken place during the past year hasn't been on Wall Street or in Washington, but global. No longer is the phrase 'too big to fail' being associated with banks alone. It is now being used to describe municipalities and countries that, like many home borrowers, have become overleveraged. Much recent concern has focused on Greece, but Spain, Italy, Portugal, and Ireland are all considered vulnerable. In the United States, worries persist about whether the state of California will ultimately meet its day of reckoning."

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